Q1 2024 EPS Estimates for Xcel Brands, Inc. (NASDAQ:XELB) Decreased by Analyst

Xcel Brands, Inc. (NASDAQ:XELB) – Stock analysts at Sidoti Csr dropped their Q1 2024 earnings per share (EPS) estimates for Xcel Brands in a research report issued to clients and investors on Wednesday, April 17th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the textile maker will earn ($0.18) per share for the quarter, down from their prior forecast of ($0.11). The consensus estimate for Xcel Brands’ current full-year earnings is ($0.25) per share. Sidoti Csr also issued estimates for Xcel Brands’ Q2 2024 earnings at ($0.09) EPS, Q4 2024 earnings at ($0.01) EPS, FY2024 earnings at ($0.30) EPS, Q1 2025 earnings at ($0.04) EPS and Q3 2025 earnings at $0.05 EPS.

Separately, StockNews.com assumed coverage on Xcel Brands in a research report on Saturday, April 13th. They set a “sell” rating on the stock.

Xcel Brands Trading Up 4.5 %

NASDAQ XELB opened at $0.70 on Friday. Xcel Brands has a 12 month low of $0.51 and a 12 month high of $2.10. The stock has a market cap of $13.92 million, a P/E ratio of -0.65 and a beta of 1.43. The stock’s fifty day moving average price is $0.88 and its 200-day moving average price is $1.06. The company has a current ratio of 1.26, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.

Insider Transactions at Xcel Brands

In related news, Director Mark Disanto acquired 146,250 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $0.65 per share, with a total value of $95,062.50. Following the completion of the purchase, the director now directly owns 1,174,263 shares of the company’s stock, valued at $763,270.95. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 52.41% of the company’s stock.

Institutional Trading of Xcel Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Potomac Capital Management Inc. grew its holdings in Xcel Brands by 23.4% during the 4th quarter. Potomac Capital Management Inc. now owns 779,452 shares of the textile maker’s stock valued at $1,005,000 after buying an additional 148,050 shares in the last quarter. Vanguard Group Inc. grew its holdings in Xcel Brands by 36.3% during the 1st quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock valued at $537,000 after buying an additional 95,997 shares in the last quarter. Finally, Mariner LLC purchased a new position in Xcel Brands during the 3rd quarter valued at approximately $42,000. Institutional investors own 18.55% of the company’s stock.

About Xcel Brands

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston Brand, the C Wonder, and other brands, as well as manages the Longaberger brand.